Co-operatives Act, 2005 (Act No. 14 of 2005)

Chapter 8 : Amalgamation, Division, Conversion and Transfer

Purchase

As from the date of the last registration of a co-operative constituted in terms of a division—

(a)	the registration of the co-operative being divided is cancelled;

(b)	the members of the co-operative being divided become members of the co-operatives constituted in terms of the division, in accordance with the agreement to divide; and

(c)	the assets, rights, liabilities and obligations of the co-operative being divided become the assets, rights, liabilities and obligations of the co-operatives constituted by the division in accordance with the agreement to divide.